The downgrade from Moody’s is a reaction to CONSEN not dealing with the $227m May 2026 SUN maturity yet. The Agency point out that
Read MoreManagement expects the impact of curtailments in Q3 (in T&T) will be reversed in Q4. Outside of the T&T Methanol business, results were at
Read MoreInteresting colour, but nothing new here, Proman will not be repaying its loans from CONSEN anytime soon (as we expected). The $360m loan and $280m guarantee have
Read MoreProman is happy that CONSEN can export fertiliser to the US tariff-free. For the avoidance of doubt, this returns the
Read MoreLast week, the US dropped the 15% tariff on fertiliser products from Trinidad and Tobago (T&T), which will protect the profitability of its
Read MoreThe downgrade from S&P reflects the same concerns that Moody’s showed. CEL favours supporting its parent's (Proman's) growth plans over
Read MoreThe cancellation of possible gas deals between Venezuela and Trinidad & Tobago poses no short-term risk to supplies of natural gas to
Read MoreThe tensions between the US and Venezuela are hurting Consolidated Energy (CONSEN) bonds. We think the concerns are overdone. Delays in
Read MoreBonds have softened recently, though without any notable new developments. Two minor news items may be affecting sentiment, but neither is
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Consolidated Energy's (CONSEN) performance is improving, but methanol demand fell in Q2 due to concerns about the Trump tariff and the forward scheduling of a
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The new Idea Pitch videos are now available.
You can find them on the Sarria website landing page as well as on each individual company’s dedicated page.
We have addressed many of the same points in the Moody's release in our recent investment memo. We expect the pricing
Read MoreThe ownership and operation of Natgasoline will be a priority for Consolidated Energy and Methanex, but not immediately. We expect the
Read MoreThe purchase of OCI’s 50% stake in Natgasoline will be completed on 27th June. We expect no change in ownership before 2026 bu
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We estimate that the CONSOL stake in Natgasoline is worth around $1.1 billion. Additionally, CONSOL would receive compensation if its contract to
Read MoreAs tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt.
The idea here is
Read MoreOCI wants to include its 50% stake in Natgasoline in the disposal of its methanol assets to Methanex. OCI has just received a ruling in its favour in the
Read MoreThe Fitch downgrade from BB- to B+ reflects the risks we highlighted in our investment memorandum. Consolidated Energy (CONSOL) operates in
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